Display a strategy plot showing the best decision

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Question: A beverage company is considering investing in a new product line. One option is a yogurt-based high protein beverage, and the other is a fruit and vegetable juice. The outcomes for both products are uncertain as they depend on consumer reactions. Based on returns for previous products, the following table for payoffs and probabilities has been estimated.

Yogurt Beverage p $20 million 1-p $5 million

Fruit and Vegetable Juice q $40 million 1-q -$10 million

Display a strategy plot showing the best decision the company can make for different values of p(x-axis) and q(y-axis).

Reference no: EM131795760

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